Rodeo Lending is proud to announce the successful closing of a $1.46 million construction completion loan for a 9-unit multifamily project in Apple Valley, California. This funding provided the crucial capital needed to bring a mid-construction project to completion after the prior lender was unable to fund the remaining work.
The 8,263 square foot, two-story property was 79 percent complete at the time of closing. The borrower relied on Rodeo Lending for a solution that could accommodate mid-construction financing needs and allow for a smooth path to stabilization and long-term refinancing.
Why Apple Valley?
Apple Valley continues to be a strong market for multifamily development. With steady population growth and demand for quality rental housing, projects like this 9-unit property are critical to meeting local housing needs. Rodeo Lending’s funding ensures developers can complete projects without delays, protecting both construction timelines and investor returns.
Key Loan Highlights
- Loan to Completed Value (LTCV): 65%
- In House Fund Control
- 12-Month Interest Reserve
Rodeo Lending: Your Partner in Mid-Construction Financing
When projects stall mid-construction, Rodeo Lending delivers reliable, tailored capital solutions. By providing in-house fund control and structured financing, we help developers complete projects efficiently and position properties for long-term success.
Whether you are facing budget gaps, delayed construction, or a lender that cannot continue funding, Rodeo Lending has the expertise and capital to keep your project moving forward.
Conclusion
This Apple Valley construction completion loan demonstrates Rodeo Lending’s commitment to supporting developers through mid-construction challenges. With reliable capital, structured financing, and hands-on support, we ensure projects are completed, stabilized, and ready for long-term success.
Contact Rodeo Lending today to learn how we can help bring your construction project to completion.
